Brazil's Cemig contracts 476.2 MW in wind, solar auction

Wind park in Brazil. Author: Fotos GOVBA. License: Creative Commons, Attribution 2.0 Generic

September 16 (Renewables Now) - Brazilian utility Cia Energetica de Minas Gerais SA (BVMF:CMIG4), better known as Cemig, announced on Friday it has awarded 476.2 MW of wind and solar projects through a tender held on September 13, 2019.

Cemig has awarded contracts for 196.98 average megawatts (MWa), with a term of 19 years. Power supply should start in January 2023.

Local media reported earlier that 150 projects representing 4,700 MW of combined installed capacity were registered to take part in the bidding process.

The company has awarded power purchase agreements (PPA) through its subsidiary Cemig GT in order to meet meet demand in the Southeast, Midwest, South and Northeast markets, according to a previous announcement.

Power supply is scheduled to commence on January 1, 2023 for a period of 19 years, Cemig stated in its filling. Interested parties had to fulfil certain preceding conditions, such as having an installed capacity of at least 1 GW, Cemig noted.

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Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

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